A banking system that facilitates wealth transfer rather than wealth creation

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A banking system that facilitates wealth...
 © CyprusMail 2022
By Savvakis C Savvides

Every capital investment whether deemed to have negative or positive Net Present Value has, like a coin, two sides. One is the return side and the other the risk side. Any attempt to detach one from the other almost always results in misallocation of economic resources where some benefit at the expense of those who are undertaking the risk. This is magnified by a world economy where there is huge concentration of wealth and which is facilitated by a loose financial system that enables banks to create money and pass on the risk to their borrowers. This allows banks to pass on their...


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Article automatically added to our system on Sunday, September 19, 2021

A banking system that facilitates wealth transfer rather than wealth creation


Contents of this article including associated images are © CyprusMail 2022
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Article Tags: #banking   #system   #facilitates   #wealth   #transfer   #rather   #wealth   #creation  


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